Daily Market Report - 18 March 2026
- Wall Street closed slightly higher despite the volatile crude oil price staying above the USD100 mark, currently at USD103/barrel.
- Trump’s plea for NATO assistance fell on deaf ears as the war may not end anytime soon.
- Meanwhile, the US 10-year yield fell to 4.20%.
- As for Hong Kong, the HSI was up marginally but off the day’s high whilst market undertone remains jittery amidst the steadying crude oil price.
- On the home front, the FBM KLCI surprised us by surging past the 1,710 level underpinned by the return of foreign funds following some net outflows over the last few days.
- Many still perceive Malaysia as a better insulated country within the region to withstand prevailing high crude oil price.
- Thus, we anticipate the index to trend between the 1,700 1,720 range today.
